Istanbul:Libya is taking steps to update its trade agreements and strengthen economic exchanges with Sudan, Niger, and Chad. The Libyan Minister of Economy and Trade, Suhail Abu Shiha, engaged in discussions with his counterparts from these countries to explore ways of enhancing trade relations and regulating commerce flow.
According to Libyan News Agency, the discussions involved reviewing bilateral agreements and updating frameworks for economic cooperation to align with current trade developments. These meetings were conducted separately with Sudan's Minister of Industry and Trade, Mahasin Al-Yaqoub; Niger's Minister of Trade, Abdoulaye Saidou; and Chad's Minister of Trade, Guibolo Mathieu, during the 42nd session of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC) in Istanbul, Turkey.
The meetings focused on the review and modernization of existing trade agreements between Libya and the three nations. Key areas of discussion included coordinating customs and border crossing procedures, and establishing financial and commercial frameworks to facilitate the movement of goods and trade flow.
The ministers agreed to establish direct points of contact within their respective ministries. These designated focal points will follow up on joint trade files, coordinate the development of proposals to enhance bilateral agreements, and address trade regulation issues.